Entrepreneur and Business Startup Law Blog

Who Drafted YOUR Contract?

Generic contracts may have an attractive price tag; however, they can prove to be very costly and can cause serious problems for businesses. Consider that general provisions can determine the enforceability or non-enforceability of a contract and the enforceability or non-enforceability of the remedies available to the parties. 

Some of the dangers that may lurk in general contracts are as follows:  you may be personally liable for the contract instead of benefiting from liability protection of the business entity; one seemingly innocuous phrase, can destroy liability protection; some contracts need several due dates and commencement dates and these can be easily overlooked or drafted poorly rendering it ineffective; and, if one clause is missing or poorly drafted, you may have to pay for “nothing.”

Want to discuss you business contract issues with an experienced Boston business lawyer or Maine business lawyer?  Click here for a free telephone consultation with Michelle L. Grenier, Esq., an experienced Boston business lawyer and Maine business lawyer.

 

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If you are interested in posting this article on your site, please contact me to discuss at michelle@contactmylawyer.com . No portion of this article may be copied, retransmitted, reposted, duplicated or otherwise used without the express written approval of the author. 

Joint Venture Agreement Checklist

The key to operating a successful joint venture is to determine the duties, responsibilities and expectations of the founders, before starting operations. These and other important issues are best addressed in writing through a Joint Venture Agreement. 

•  Identify the Parties of the Joint Venture Project.       

•  Identify or Define the Purpose of the Joint Venture.

•  Determine the type of Joint Venture Entity (LLC, Corporation, etc.) 

•  Determine exit strategies.

• Determine what will happen in event of deadlock.

• Clearly describe each Party's level of commitment, duties, responsibilities and expectations.

Include other important issues specific to your circumstances. 

Ready to get the ball rolling and discuss your issues with a Boston Business Lawyer or Maine Business Lawyer ?  For a more information on Joint Ventures click here or schedule Free Telephone Consultation today.

*This is not an exclusive list, but instead a tool to facilitate discussions. These materials have been prepared by Grenier Law Offices, PC for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, a lawyer-client relationship. Readers should not act upon this information without seeking direct legal counsel.

If you are interested in posting this article on your site, please contact me to discuss at michelle@contactmylawyer.com . No portion of this article may be copied, retransmitted, reposted, duplicated or otherwise used without the express written approval of the author. 

Starting a Service Business?

  The following is a basic checklist concerning legal tasks related starting a service business:

• Establish a corporation or Limited Liability Company. Obtain Federal ID number and all Corporate and LLC documents necessary to comply with applicable laws.  
• Apply for trademark registration.
• Obtain a license to operate the business, if applicable and research other requirments and limitations that may apply.
• Enter into commercial lease after having lease reviewed by an attorney. 
• Enter into comprehensive Client/Customer Agreements for services. 

You may also find the information on the following link helpful:

Protect your personal assets.

If you are ready to GET THE BALL ROLLING, schedule a Free Telephone Consultation with an Experienced Boston Business Lawyer / Maine Business Lawyer today.

(Misspellings:  Boston Business Laywer , Maine Business Laywer)

If you are interested in posting this article on your site, please contact me to discuss at michelle@contactmylawyer.com . No portion of this article may be copied, retransmitted, reposted, duplicated or otherwise used without the express written approval of the author. 

All Licensing Agreements are NOT Created Equal!

Many business people do not understand the risk involved in licensing property.  Both the licensor and the licensee each are at risk and that risk increases when the parties do not enter a well drafted license agreement. 

Licensor's risk losing rights to their property and the goodwill and reputation that they have worked hard to associate to their product or service.  There is also the risk that the license falls within the scope of a Franchise, which is highly regulated.  In fact, if the license agreement or arrangement falls within the scope of Franchise law, and the franchise opportunity is not properly registered, the consequences are substantial.

If you are licensing intellectual property or other property, make sure your rights, title and interest in and to the property are protected by implementing comprehensive licensing agreements.

If you are licensing property from another party, make sure you and your business are protected with indemnity clauses and the like in your licensing agreement.

For more info on Licensing Agreements, review my License Agreement Checklist or schedule a Free Telephone Consultation with an Experienced Boston Business Lawyer or Maine Business Lawyer today.

If you are interested in posting this article on your site, please contact me to discuss at michelle@contactmylawyer.com . No portion of this article may be copied, retransmitted, reposted, duplicated or otherwise used without the express written approval of the author. 

Tip for Successful Business: Intellectual Property Agreements

    In real property the key to success is often location, location, location.  With Intellectual Property the key to success is most often comprehensive well-drafted Agreements.  These include joint venture agreements, development agreements, licensing agreements, etc. 

    Failure to put the terms comprehensive written agreements, is the number one cause of disputes between co-creators.  Such agreements have saved friendships as well as business relationships.

     It's always less expensive to prevent problems than it is to fix them.

    Schedule a Free Telephone Consultation with an experienced Boston Business Lawyer or Maine Business Lawyer today.

If you are interested in posting this article on your site, please contact me to discuss at michelle@contactmylawyer.com . No portion of this article may be copied, retransmitted, reposted, duplicated or otherwise used without the express written approval of the author.